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CONSTRUCTION PRICE INDICES

Statistics Directorate    
Definition:
In broad terms, construction price indices provide measures of changes in the prices of either the inputs to, or outputs of, construction activity. However, terminology used in the context of price indices for construction activity varies between countries.

There is also considerable variation in the inclusion/exclusion of items such as transport costs, consumption taxes, fittings, etc.

Two broad approaches are used by national agencies to compile construction price indices. These comprise:

- prior breakdown methods; and

- subsequent breakdown methods.

There are a number of variations within each of these approaches.

Source Publication:
Sources and Methods: Construction Price Indices, OECD, Eurostat, 1997, Page 11.

Cross References:
Construction indicators

Statistical Theme: Prices and purchasing power partities

Created on Friday, March 14, 2003

Last updated on Monday, April 15, 2013